Guys I think we should be careful to judge sales coming through now - It could well be shareholders who funded the rights @53c hoping for a sale around 64c so 11 cents per share who have now become faced with reality of 60c as they cannot hold. They may even only sell 90% and put the rest in the investment. At least they stumped up for their shares.
I agree they may well be selling below the real value but if you are a small holder who holds say 50000 bought in the 30's and you had to find $5300 you may well in this volatile market seek to liquidate that extra holding and keep you base stock.
I think its a process - much like our slow leak and will take a catalyst to change that. Its a waiting game to see the next news. We are lucky - almost into the silly season before we know it it will be January and the interim's will be only 1 month away.
PGC Price at posting:
61.0¢ Sentiment: None Disclosure: Held
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